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Property Control System Manual (PCS)

PCS 1201: Reporting Schedule
for Government-Owned Property

Purpose

To define a property reporting schedule for government-owned
property and to include contractor responsibilities to government
property administrators

Sources

Federal Acquisition Regulation § 45.502,
505–14

Property Control

Policy

Property Control shall provide annually, or as a
sponsor deems necessary, the total acquisition cost of government
property for which ASU is accountable under each contract with each
agency, including government property at subcontractor plants and
alternate locations. ASU is directly responsible and accountable
for all government property in accordance with the requirements of
the contract. This includes government property in the possession
or control of a subcontractor. The contractor shall establish and
maintain a system in accordance with this subpart to control,
protect, preserve, and maintain all government property. The system shall be reviewed and, if satisfactory,
approved in writing by the property administrator.

The following classifications (property classifications may be
varied to meet individual agency needs) shall be reported: